The Real Deal Miami

More condos proposed in North Miami Beach

Another high-rise condo project is being proposed in North Miami Beach, a city located just west of Sunny Isles Beach and south of Aventura, The Real Deal has learned.

Biscayne Cove LLC, owned by Keystone Holdings principals Enrique Puig and Reinaldo Mouriz, applied for a zoning change to allow two 145-foot tall residential towers to be built just east of Biscayne Boulevard by Northeast 163rd Street on a 4.2-acre site where Area Code 55 Brazilian Steakhouse and the shuttered Miami Grill restaurant now stand.

Dubbed Riverwalk at North Miami Beach, the proposed project includes 295 units and a ground-floor restaurant. Riverwalk is also slated to be built next to a 4.4-acre site by the Oleta River, where a pair of developers hopes to build two 25-story towers, and less than a mile from Marina Palms, a 25-story twin condo tower project now under construction near Maule Lake.

Calls to Puig and Mouriz were not returned.

Biscayne Cove bought the land, which is presently zoned for commercial uses, from Brinker Florida for $8.3 million in August 2005. The city allowed residences to be built on the site back in 2006, but the permit lapsed when the developer failed to start construction within 18 months. The city approved the development again last year, but those plans were stalled by ABC Fine Wines and Liquors, which feared the project would obscure its store that’s located just south of Area Code 55.

Thanks to a new site plan, which allows traffic on Biscayne Boulevard to continue accessing the liquor store, ABC has dropped its objections to Riverwalk, according city planner Carlos Rivero.

The latest plans for Riverwalk at North Miami Beach will come before North Miami Beach’s Planning and Zoning Board on Monday.